Rockland Trust Launches Annual Small Business Contest for Growth

The Drive for Local Business Growth

In an inspiring move to support local entrepreneurs, Rockland Trust has launched its eighth annual Small Business, Big Dreams contest. Designed for small business owners in Massachusetts, Rhode Island, and parts of New Hampshire, this contest not only awards the grand prize winner with $25,000 but also provides invaluable resources and mentorship to help participating businesses thrive.

Empowering Entrepreneurs with Knowledge

The contest invites businesses that have been operating for at least two years and earn less than $3 million annually to apply. Participants will initially complete an eligibility survey and submit a written entry outlining their business goals and plans for using the prize money. This process encourages applicants to reflect on their vision and strategy, essential components for a successful business.

From Contest to Community Impact

As Mary Chetwynd, Senior Vice President and Director of Business Banking at Rockland Trust, articulated, "We believe that strong local businesses build strong communities." This sentiment is a recurring theme in discussions around small business support, emphasizing that when entrepreneurs flourish, the wider community benefits. The competition doesn't just end with the grand prize; it outlines a comprehensive support structure where finalists benefit from personalized consultations with Rockland Trust's Business Banking Officers. This mentorship could be the turning point for many small business owners looking to enhance their operations.

The Pathway to Success

After a careful selection process, eight semifinalists will be chosen, and these will be filtered down to just three finalists. Each finalist will then work closely with a dedicated banking officer to refine their business plans before presenting to a panel of judges. Such structured guidance ensures that contestants are prepared to articulate their ideas compellingly, a crucial skill in today's competitive market. This educational approach aligns well with broader trends in small business development, where mentorship and coaching have been shown to increase chances of success significantly.

Encouraging Local Participation

The application period runs from March 3 to March 31, 2025, and Rockland Trust emphasizes that potential entrants need not be existing customers. This inclusive approach opens doors wider for diverse applicants, allowing a richer pool of ideas and innovations to emerge. Commencing this annual initiative reflects the bank’s commitment to fostering sustainable economic growth.

If you are a small business owner eager to explore the financial tools and support available, consider joining this exciting contest. It’s not just about the potential windfall prize; it’s about building community resilience and driving successful change in your local economy.